Global Atomic (TSX:GLO) Long-Term Capital Lease Obligation

: C$3.52 Mil (As of Dec. 2023)

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Global Atomic's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3.52 Mil.

Global Atomic's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$6.63 Mil) to Sep. 2023 (C$4.16 Mil) and declined from Sep. 2023 (C$4.16 Mil) to Dec. 2023 (C$3.52 Mil).

Global Atomic's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.11 Mil) to Dec. 2022 (C$0.28 Mil) and increased from Dec. 2022 (C$0.28 Mil) to Dec. 2023 (C$3.52 Mil).

Global Atomic Long-Term Capital Lease Obligation Historical Data

The historical data trend for Global Atomic's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Global Atomic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.05

0.11

0.28

3.52

Global Atomic Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.28	0.28	6.63	4.16	3.52

Global Atomic (TSX:GLO) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Global Atomic Long-Term Capital Lease Obligation Related Terms

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Global Atomic (TSX:GLO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Atomic Corp (TSX:GLO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GLATF:USA G12:Germany G12:Germany

Address

8 King Street East, Suite 1700, Toronto, ON, CAN, M5C 1B5

Website

https://www.globalatomiccorp.com

Global Atomic Corp is a Canadian-based company that operates along with its subsidiaries. Its business activities include processing of electric arc furnace dust (EAFD) obtained from steel companies in Turkey, through a Waelz kiln process to recover zinc concentrates that are then treated by zinc smelters; and acquisition, exploration, and development of uranium properties in Niger. It has two segments the Uranium Business and the EAFD Business. The majority of its revenue comes from its EAFD business.